Yen has room to drop further but intervention risks cap USD/JPY upside – Goldman Sachs
This builds on their previous note from last week here. Goldman Sachs is noting that the Japanese yen is likely to drop further in the near-term but sees limited upside in USD/JPY as intervention risks continue to rise. For the time being at least, the firm argues that “the usual prerequisites for intervention are not yet met”. So, that…











